Planning and Finance Meeting Minutes
Wednesday May 15th 6:00 PM Zoom Meeting
P&F Committee Members: Chairman P/BC - Mark Weiss, P/BC - Gerald Fey, Jan Gould P/T, Dan Grimm, Commodore Michael Day, Board Chairman Barry Stolzman
Guests: Acting Treasurer David Ulfers, Vice Commodore Doug Genord, Rear Commodore
Excused Absences: Jeff Ohlstrom
Opening Comments: Planning and Finance Chairman Mark Weiss. Call to order 6:00 – review meeting outline.
Approval of Minutes: Motioned by March. 5th by Jan. Approval was unanimous.
No Meeting Minutes for April as there was no quorum
Bridge Reports:
-Commodore Michael Day:
Brought up concerns of rumors floating around about misused funds. P&F offered to assist in providing any necessary documentation.
A dues increase of $150 was passed at the regular meeting and the reflected in the regular meeting minutes.
-Vice Commodore Doug Genord:
Minimum wage was increased and THE VC want the bridge and board to consider giving Audrey a raise to reflect that.
VC to determine what the appropriate raise should be for Audrey and P&F will advise.
2 phone lines have been Identified that can be dropped
Work float (Maynard) needs repair. Could be a couple thousand dollars.
Barry Stolzman and Doug Genord met the UW Elevator service tech and he confirmed our concerns with our elevator and its remaining life span.
-Rear Commodore Doug Wadden:
No Report / Absent
Board Report: Barry Stolzman, Board Chairman:
No Report
Treasurer Report: David Ulfers:
Sill coming up do to speed and working with Jeff Ohlstrom. Working to get the reports in to Quick Books. Would like to use the build in report more and excel less.
Old Business:
Budget Items 2022/23 and 2023/24 – Finalize Adjustments -Defer to June Meeting
($33K) for 21-22
($46K) for 22-23 budget
How did we get these deficits? Take action at next meeting with Budget process
520 Updates – Street End Permit/Lease status – Letter submission completed, City responded and our
---Should start in August
– Received the insurance certificate.
Reserve Study Update
5 yr plan review update and sent to Board, will need review after dues/bylaw vote – Defer to June meeting for final updates
– Reserve study update will be performed after the final budget is delivered in June.
2024/25 Budget updates
Review V.C. Doug G budget
Proposed budget reflects a revenue increase of $93,015 and increase of expenses $65,340 for a gain of $27,674 in the net operating income.
Telegraph Outstation to be removed. No income No expense.
2 less slips are reflected in the proposed budget. This is due to the loss of the slips because of construction.
Expenses went up 60,000 and half of that was dock expense and 10,000 was house.
Review impact of Dues increase on income compared to expenses towards goal to increase.
Forecasting 8% to zero % increase for 2025/26 moorage as we are only about 50% towards our goal to increase funds for Capital by $120k.
New Business:
- Work for credit discussion
- Asked to consider the pros and cons of credits
- Survey the membership for their opinion on a credit system
- Action on Mike and Doug to define the objective of the survey before generating the questions.
- Mark, Bridge and the Board Chair are going to get together so Mark can share the state of the dock electrical.
Meeting closed at 8:15 PM.
Next Meeting: Tuesday, June 4th at 6:00pm Zoom Meeting.
Minutes
February-Jeff
March-Gerald
April-Terron
May-Gerald
June-Jan
September-Jeff